Palantir Technologies reported first-quarter results after Monday’s market close, with shares falling 9.14%, according to Benzinga. The company beat revenue estimates with $883.86 million and matched analyst expectations with adjusted earnings of 13 cents per share. Palantir has either met or exceeded analyst expectations for revenue and earnings in seven consecutive quarters. It expects second-quarter revenue to be in the range of $934 million to $938 millio, versus estimates of $899.12 million. Palantir expects full-year revenue of $3.89 billion to $3.90 billion, surpassing both its previous outlook and analyst expectations. CEO Alex Karp called Palantir’s growth unparalleled, noting it would be remarkable even for a company one-tenth its size.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Palantir Technologies reported first quarter results after money's market closed with
00:05shares falling 9.14 percent, according to Benzinga. The company beat revenue estimates
00:10with $883.86 million and matched analysts' expectations with adjusted earnings of $0.13
00:15per share. Palantir has either met or exceeded analysts' expectations for revenue and earnings
00:19in seven consecutive quarters. They expect second quarter revenue to be in the range
00:24of $934 million to $938 million versus the estimates of $899.12 million. Palantir expects
00:31full-year revenue of $3.89 billion to $3.90 billion, which has exposed its previous outlook
00:36and analysts' expectations. CEO Alex Carr called Palantir's growth unparalleled, noting it would
00:41be remarkable even for a company one-tenth its size. For all things money, visit Benzinga.com
00:46slash GSTV.